Ukraine
A day after Ukraine and Russia signed a deal to resume grain exports from Ukraine, Russian missiles hit the Odesa port. Ukrainian foreign-ministry accused Vladimir Putin of “spitting in the face” of U.N and Turkey.
Ukraine pressed ahead Sunday with efforts to restart grain exports under a deal to ease global food shortages but warned deliveries would suffer if the recent Russian missile strike on Odesa was a sign of more to come.
With little to no diesel readily available to fuel harvest, wheat and other grains languish in the country’s fields. One analyst says he expects the global wheat market will be shorted 10 million metric tons.
Russian forces targeted at least two large grain terminals Wednesday in the port of Mykolaiv. Western governments claim Russia is carrying out a campaign to degrade Ukraine’s ability to export food.
Food is essential to sustaining life and will ultimately be the key to rebuilding Ukraine’s future.
The Russia-Ukraine conflict threatens to upend world trade.
Diesel prices are causing sticker shock, as fears of a possible diesel shortage are growing. It’s not just retail diesel prices that are rapidly rising. Some farmers report booking off-road diesel for above $5.
Tensions between Russia and the West are escalating as Russian President Vladimir Putin warned that Moscow would strike new targets if the U.S. supplied long-range missiles to Ukraine, according to Russian state media.
Participants who seek this one-time, voluntary termination do not have to repay rental payments. But they must make requests for voluntary termination in writing through their local USDA office.
Russia is ready to provide a humanitarian corridor for vessels carrying food to leave Ukraine, in return for the lifting of some sanctions, Interfax news agency reported, citing Russian Deputy Foreign Minister.